Must I wait the 20 day investor window and would I have to hold onto the property for an extended length of time before I am able to sell it?

The daughter is married with three children and mastiff dog.I specifically extended my inspection period to 60 days to work this through.Any advice would be appreciated!!!

If you buy, you do your inspection, you can have your buyer inspect and then waive inspections with you.You might let the end buyer contract with the seller, if the seller is agreeable and have either one pay you a release fee to terminate your contract and walk away. :)

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In general, I find it easier to use amendments to renew/extend commercial leases.

I do have a stable job which pays a reasonable amount which should help me through any bumps in the road I'm 30 now so I have some time until I need to realize profits from the properties.I'm presently focusing my interests to Washington state as it's the area I know and also I like to be able to view a property in a couple of hours notice and also I like to know the areas so I can find properties which should hold a reasonable value for the future.Nick, I do like your idea of placing the money I would be paying down the mortgage with into a separate account to build a reserve fund; as no one knows the future and if a property comes along that might be worth extending myself some more for the option would be there.

More ways to extend an oil field by pressurizing it.

If you negotiated to extend that to a 30 year term then you would see about $140 more per month (given the same 63,000 and 7.5%)  \which would now automatically put you in the green. 

So if you needed a jumbo loan to refi out later, don't assume they are or will be available for some extended period of time.

If you have a construction escrow, lenders may do a title run down before releasing any additional draws.